On March 11, 2021, President Biden signed the American Rescue Plan Act, which appropriates $28.6 billion for a new Restaurant Revitalization Grant Program, to be overseen by the Small Business Administration (SBA).  With the restaurant industry suffering an estimated decline of $240 billion in total sales relative to pre-pandemic forecasts and a loss of nearly 2.5 million jobs, this financial aid package presents an essential lifeline.  Under the program, the nation's food service providers of all types - from the corner food cart to the white tablecloth - may be eligible to receive grants of up to $10 million (or $5 million per physical location) that can be applied to a variety of uses.  Proskauer's interdisciplinary Coronavirus Taskforce breaks down the Restaurant Revitalization Grant Program.

A Seat at the Table: Restaurants to Receive Long-Awaited Stimulus Funds under the American Rescue Plan Download

A Seat At The Table: Restaurants To Receive Long-Awaited Stimulus Funds Under The American Rescue Plan

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